ABB (Switzerland) and Schneider Electric (France) are the Leading Players in the Industrial Control Transformer Market
The global industrial control transformer market is expected to grow from an estimated USD 0.9 billion in 2022 to USD 1.2 billion by 2027, at a CAGR of 5.0% during the forecast period. An industrial control transformer is essentially an isolation transformer that offers great voltage regulation. It is sometimes referred to as control transformer, or control power transformer, or even machine tool transformer. These are designed with low impedance windings for voltage regulation, and can accommodate the high inrush current associated with contactors, starters, solenoids, and relays. Growth in manufacturing industry and chemical industry to offer remunerative opportunities for the industrial control transformer market during the forecast period.
The leading players in the industrial control transformer market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (US), and Eaton (Ireland) Growth strategies adopted by these players include acquisitions, product launches, and sales contract to increase their presence in the global market.
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Schneider Electric is a pioneer in the digital transformation of energy management and automation. It provides integrated efficiency and networking software solutions. The company offers its products and services to various industries, such as automotive, banking & finance, cloud and service providers, data centers and network solutions, electricity companies, healthcare, and machine automation. The company operates its business through two business segments, namely, Energy Management and Industrial Automation. The company delivers industrial control transformers through the Energy Management segment. The company provides low voltage, medium voltage, and secure power solutions through the energy management segment and offers industrial automation solutions through its industrial automation business segment. Schneider Electric offers products, solutions, and devices for use in buildings, data centers, infrastructure, and industries. Within its Energy Management segment, residential buildings are the company’s strongest growth areas across most major economies, supported by the impact of hybrid working and the urbanization and renovation trends. There is also a significant demand for the company’s offerings in non-residential buildings, such as healthcare, hotels, commercial offices, retail stores, life science, and warehouse or distribution. The key competitors of Schneider Electric include players, such as ABB, General Electric, Siemens, and Eaton. The company operates globally, across 100 countries.
ABB is a leading global technology company that supports the transformation of society and various industry to achieve a more productive and sustainable future. The company’s products and services cater to various industries, such as automotive, building & infrastructure, industrial automation, railways, and oil & gas. The company operates through four business segments, namely, Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The company offers industrial control transformers under its Electrification segment.
The Electrification segment of ABB Group focuses on helping to create a more prosperous and sustainable future solution by creating high-quality transformers for the safe transmission of electricity, solar power, wind power, and other related services. ABB helps to reduce the worlds energy shortage by offering innovative products for industrial automation and transmission of electricity. ABB offers a complete line of low-voltage solutions for connecting, protecting, controlling, and measuring a variety of electrical installations, enclosures, switchboards, electronics, and electrochemical devices. The major users of the company’s industrial control transformers are industrial automation, power generation, and railways.
The company has a presence in over 100 countries. Its electrification segment operates several R&D centers, as well as more than 320 production sites in Europe, Asia, North America, and South America. Through its Electrification Products division, it competes with various players, including Eaton, Schneider Electric, Siemens, and General Electric.
Related Reports:
Industrial Control Transformer Market by Power Rating (25-500 VA, 500-1,000 VA, 1,000-1,500 VA, above 1,500 VA), Primary Voltage (Up to 120 V, 121 - 240 V, above 240 V), Frequency (50 Hz and 60 Hz), Phase, End User and Region - Global Forecast to 2027
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